The initiative identified a set of universal metrics and disclosures, deliberately drawn from existing standards.
This set of 21 core and 34 expanded metrics and disclosures were published in September of 2020, in the World Economic Forum report Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation. These metrics and disclosures focus on four themes: Principles of Governance, Planet, People and Prosperity and reflect a six-month consultation process with more than 200 companies, investors and other interested parties.
The initiative’s twin objectives are to accelerate convergence among the leading private ESG standard-setters and to bring greater comparability and consistency to the reporting of ESG metrics and disclosures. By driving adoption and reporting on these metrics and disclosures, the intent is to catalyze greater cooperation and alignment among the existing standards and support progress towards an international system for global non-financial reporting standards connected to financial information.